Interest rate predictions.
- Thread starter steve
- Start date
Reply: 1
From: Rolf Latham
Hi Steve
My considered thoughts are that interest rates may go up. But then again they may go down.
If I had to take a serious punt at it I would apply this formula.
If the unemployment rate is maintained at BELOW 6.3 % AND the Aussie dollar consistently exceeds 60 cents US the current 3 and 5 year may be approached, ...........otherwise enjoy.
But if I knew what I was talking about I wouldnt be working for a living
)
Strategies can include fixing part of your portfolio with a fixed rate loan that you can pay off (within say 25 % of the original balance) without penalty with a variable rate LOC against another property. This fixed rate loan then obviously also needs to have a redraw facility. Best of both worlds, fixed rate ceiling with variable rate cost.
Ta
Rolf
From: Rolf Latham
Hi Steve
My considered thoughts are that interest rates may go up. But then again they may go down.
If I had to take a serious punt at it I would apply this formula.
If the unemployment rate is maintained at BELOW 6.3 % AND the Aussie dollar consistently exceeds 60 cents US the current 3 and 5 year may be approached, ...........otherwise enjoy.
But if I knew what I was talking about I wouldnt be working for a living
)Strategies can include fixing part of your portfolio with a fixed rate loan that you can pay off (within say 25 % of the original balance) without penalty with a variable rate LOC against another property. This fixed rate loan then obviously also needs to have a redraw facility. Best of both worlds, fixed rate ceiling with variable rate cost.
Ta
Rolf
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